https://www.taxtmi.com/circulars?id=65442 The FDI Policy amendments permit foreign investment in the Life Insurance Corporation of India via the automatic route subject to specified statutory compliance and governance conditions; amend core definitions of Capital, Convertible Note, Foreign Investment, Indian Company, Share Based Employee Benefits and Subsidiary; clarify Real Estate Business exclusions; bifurcate "Other Conditions" into insurer/intermediary and LIC specific provisions including resident Indian majorities in board and key management, regulatory verification, pricing guidance for increases, and ESOP/share benefit reporting and approval requirements. en-us Mon, 14 Mar 2022 00:00:00 +0530 Tue, 15 Apr 2025 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65442 The FDI Policy amendments permit foreign investment in the Life Insurance Corporation of India via the automatic route subject to specified statutory compliance and governance conditions; amend core definitions of Capital, Convertible Note, Foreign Investment, Indian Company, Share Based Employee Benefits and Subsidiary; clarify Real Estate Business exclusions; bifurcate "Other Conditions" into insurer/intermediary and LIC specific provisions including resident Indian majorities in board and key management, regulatory verification, pricing guidance for increases, and ESOP/share benefit reporting and approval requirements. Circulars FEMA Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65442